THE EFFECT OF CYBER THREATS ON THE COUNTRY'S BANKING AND FINANCIAL SYSTEM

This article shows how detailed statistics reveal the negative aspects of the banking and financial systems of many countries in the world due to the impact of cyber threats. These negative aspects include financial losses due to cyber threats, damage to the reputation of the banking and financial system, malfunctions in the work process, non-compliance with regulatory requirements, and others. Additionally, the article discusses how countries around the world can develop effective cybersecurity policies.